WEST VIRGINIA UNIVERSITY FOUNDATION INC (EIN 556017181) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Phone

3042844000

Tax Period

2024-07-01 to 2025-06-30

WEST VIRGINIA UNIVERSITY FOUNDATION INC, founded in 1954, is a major nonprofit in the Education sector that reported $152.3M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $144.8M left a modest 5% surplus.

Mission

The mission of the WVU Foundation is to enrich the lives of those touched by West Virginia University by maximizing charitable support and providing services to the University, its students and affiliated organizations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $88,880,676

Program Service Revenue $24,131,606

Investment Income $39,253,303

Other Revenue $12,396

TOTAL REVENUE $152,277,981

Expense Breakdown

Grants Paid $18,546,927

Salaries & Benefits $47,157,546

Fundraising Expenses $16,800,019

Program Expenses $120,328,282

Other Expenses $78,525,592

TOTAL EXPENSES $144,767,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,277,981	$242,493,810	-0.4%
Expenses	$144,767,225	$153,932,427	-0.1%
Net Income	$7,510,756	$88,561,383	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

177

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,485,392

Total Directors

$960,453

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia L Roth	President & CEO	45.0	Officer Director	$815,430	$145,023	$960,453
J Wayne Richards	Vice Chair	2.0	Officer Director	$0	$0	$0
Susan Brewer	Secretary	2.0	Officer Director	$0	$0	$0
William Sheedy	Chair	2.0	Officer Director	$0	$0	$0
Alan J Zuccari	Director	2.0	Director	$0	$0	$0
Alexis Pugh	Director	2.0	Director	$0	$0	$0
Bradford Ritchie	Director	2.0	Director	$0	$0	$0
Christine Davis	Director	2.0	Director	$0	$0	$0
Dave Gruver	Director	2.0	Director	$0	$0	$0
Erika Cramer	Director	2.0	Director	$0	$0	$0
George Bicher	Director	2.0	Director	$0	$0	$0
George S Weaver III	Director	2.0	Director	$0	$0	$0
Jane McNeer	Director	2.0	Director	$0	$0	$0
Jo Ann Shaw	Director	2.0	Director	$0	$0	$0
Kerri Knotts	Director	2.0	Director	$0	$0	$0
Kevin Given	Director	2.0	Director	$0	$0	$0
Kevin K Sidow	Director	2.0	Director	$0	$0	$0
Kim Craig	Director	2.0	Director	$0	$0	$0
Michael John	Director	2.0	Director	$0	$0	$0
Michael T Escue	Director	2.0	Director	$0	$0	$0
Natalie Bush	Director	2.0	Director	$0	$0	$0
Ola Adekunle	Director	2.0	Director	$0	$0	$0
Penelope F Roll	Director	2.0	Director	$0	$0	$0
Robert Johnson	Director	2.0	Director	$0	$0	$0
Robert O Orders Jr	Director	2.0	Director	$0	$0	$0
Roderick Young	Director	2.0	Director	$0	$0	$0
Spencer Cavalier	Director	2.0	Director	$0	$0	$0
Terri Hornsby	Director	2.0	Director	$0	$0	$0
Travis Rosiek	Director	2.0	Director	$0	$0	$0
Valentina Bigalke	Director	2.0	Director	$0	$0	$0
Bernard J Davisson II ret Dec 2024	Sr. VP Development, CDO	45.0	Officer	$523,025	$60,250	$583,275
Jessica M Burns	Dr. of Board Relations/Asst. Board Sec	45.0	Officer	$103,548	$33,844	$137,392
Jim Bethea	VP Investments, CIO	45.0	Officer	$0	$0	$0
Melissa L Simpson	Sr, AVP Finance/ Asst. Treasurer	45.0	Officer	$195,576	$25,477	$221,053
Michael E Augustine	COO/CFO, Treasurer	45.0	Officer	$465,060	$60,750	$525,810
Richard Kraich ret July 2025	VP Investments, CIO	45.0	Officer	$996,659	$60,750	$1,057,409
William Green	Sr. VP Development, CDO	45.0	Officer	$0	$0	$0
Ben Murray	Deputy Athletic Director and Chief Development Officer for Athletics	45.0	Highest	$301,792	$59,919	$361,711
Charles Kerzak	SrAssocVP, UniversityDevel/ CampaignMgmt	45.0	Highest	$261,028	$62,811	$323,839
Jennifer Cunanan	Assoc VP, Investments	45.0	Highest	$447,757	$71,301	$519,058
Kaylon McInelly	Assoc VP, Investments	45.0	Highest	$345,917	$55,067	$400,984
Timothy Bolling	Sr. Assoc VP, Leadership Philanthropy	45.0	Highest	$264,870	$57,722	$322,592

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$152,277,981	$144,767,225	$3,299,917,464	$7,510,756
2024	$242,493,810	$153,932,427	$3,043,490,864	$88,561,383
2023	$137,168,472	$153,381,241	$2,826,400,531	$-16,212,769
2022	$221,489,920	$104,681,014	$2,666,942,947	$116,808,906
2021	$183,335,188	$97,989,488	$2,549,094,162	$85,345,700
2020	$155,430,683	$106,328,976	$1,952,164,791	$49,101,707
2019	$141,620,282	$106,620,826	$1,825,758,750	$34,999,456
2018	$131,813,965	$124,715,588	$1,783,345,224	$7,098,377

WEST VIRGINIA UNIVERSITY FOUNDATION INC